What To Study Overseas– MIM Or MBA?

 

A Master's degree program called "Master’s in Management" (MIM) provides complete information of many management streams including Finance, Marketing, Consulting, and Entrepreneurship. For individuals who don't want to pursue an MBA, MIM from abroad has gained popularity over the past ten years.

While the Master of Business Administration is a Master's degree program with a concentration on Leadership, Human Resource Management, Accounting, and Business Economics.

There are several considerations to weigh while deciding between a Master's in Management and a Master's in Business Administration. Your level is one of the most crucial variables. A MIM degree is most likely an excellent choice for you if you are a fresh graduate hoping to jump-start your career. The MBA is the better option, however, if you are a seasoned professional with more than three years of experience. You will acquire the necessary skill set to have a successful career as a result.

Difference between MIM and MBA:

No	Basis of Difference	MIM	MBA
1	Cost of studying	Lesser in comparison to an mba	Expensive
2	Eligibility	10+2 years of formal education from an accredited institution An undergraduate degree An impressive result on english language proficiency exams like the IELTS or TOEFL A GMAT or GRE score that meets the university's requirements.	10+2 years of formal education from an accredited institution An undergraduate degree An impressive result on english language proficiency exams like the IELTS or TOEFL A GMAT or GRE score that meets the university's requirements. A minimum of 2 LORs and 1 SOP
3	Scope	Concentrated on a certain managerial discipline.	Provides a variety of electives
4	Suitability	Fresh graduates	Experienced professionals and graduates
5	Syllabus	Has a stronger emphasis on the management field's theoretical parts.	Includes case studies and is more practical in its focus.

The suitability check:

MIM degrees are appropriate for fresh graduates without any work experience. Universities often do not mandate that students obtain an undergraduate degree in business. Their advantage is even having less than a year of corporate job experience. MBA degrees need professional job experience, in contrast to MIM degrees.

The course structure:

The key distinction between a Master's in Management and a Master's in Business Administration is that the former provides fresh graduates with the necessary business acumen to launch their careers. MBA enables experienced workers to change careers.

There are some course level distinctions between the two degrees, even though they both cover broad business topics including Finance, Accounting, Strategy, Business Analytics, Micro/Macroeconomics, and People Management.

Master in Management - Broad business and management topics are covered in-depth throughout the first year of a MIM programme. Core modules cover things like accounting, business economics, corporate finance, innovation management, marketing choices, and strategic management. Students have the opportunity to select a discipline as one of their electives in addition to studying the core courses. Project management, Business Analytics, Geopolitics, and Advanced Corporate Finance are some of the MIM electives.

Master of Business Administration - Students who earn an MBA are better prepared to manage. The subject's foundational modules include those on accounting, entrepreneurship, finance, global management, human resources, and information technology. By incorporating certain electives into the students' curriculum, the programme hopes to widen their outlook. Marketing, Organisational Behaviour, Political Economy, and other topics are some of these.

Cost Comparison:

MIM	MBA
$42.63 to $75,400	$23,192 to $1,22339

Specializations:

MIM - The initial part of the two-year Master in Management degree programme, which establishes a solid basis for management sciences and related ideas like analytical abilities and statistical methodologies, is where the curriculum begins. Later stages concentrate on several specialities, including marketing management, financial management, operations management, human resource management, and more.

MIM specialities range from Economics, Finance, Analytics, Accounting, and Marketing.

MBA - The need for specialized skill sets to comprehend the difficulties faced by each business grows as there are more industries. Additionally, picking an MBA concentration is a significant professional decision, therefore one should exercise caution.

Typically, core courses are the focus of the first year of the MBA programme in order to lay a solid basis for all the topics. One can choose to concentrate in a certain pitch during the second year like Marketing, Human Resources, Finance, Information Systems, Consulting, Entrepreneurship, and Operations Management.

Top 5 Job Roles for MIM graduates:

• Business Development Manager
• Management Consultant
• Project Manager
• Social Media Manager

Top 5 Job Roles for MBA graduates:

• Business Operations Manager
• Financial Manager
• Human Resources Manager
• Information Technology Manager
• Marketing Manager

For further assistance or queries students can contact us, Edwise International, and avail of our wide range of services for students on destinations like Universities in USA, study in USA, study inUK, study in Ireland, study in Canada, study in Australia, study inNew-Zealand, study in Singapore, and many other countries.